The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
2,200 jobs Number of planned job losses
Announcement Date
15 September 2014
Employment effect (start)
1 October 2014
Foreseen end date
Description
The fourth biggest lender in Greece, Alpha Bank has announced the launch of a voluntary redundancy scheme offer in a bid to cut its workforce by 15-20pc. About 2,000 jobs are to be lost. As reported, the restructuring is also due to a need to rationalise staff numbers after the merge of Emporiki Bank.
Updated, 06-10-2014: As reported, 2,200 people will participate in the voluntary redundancy scheme.
Sources
6 October 2014: Reuters
15 September 2014: Kathimerini
Citation
Eurofound (2014), Alpha Bank, Internal restructuring in Greece, factsheet number 77678, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77678.
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